I am pleased to attach the Economy / Market Snapshot covering all the major events in May, 2016.
Indian markets went up by 4% last month despite weak results from the public sector banks. Nifty regained the 8,000 mark and currently nearing 8,200 levels. Overall the market is up by 2% in the Calendar year 2016. Both FII’s and Mutual funds are net buyers in the Equity market which is a good sign. Much awaited election results came in May and gave some edge to BJP.Though Congress did not fare well in Kerala and other states, it gained power in Puducherry. Mamata and Jayalalitha were winners beating the anti-incumbency. Gold and Silver prices fell while Crude prices started moving up and close to $ 50 a barrel now.Read more